How Dividend Is Calculated

kane_sunil · #1 15th April 2008, 10:57 AM

Satyam Computer Services Ltd

Its values on march 2007 are

Equity Dividend: Rs. 232.41
Corporate Dividend Tax: Rs. 37.55
Equity Dividend (%): 175 (2007 Oct 50%, 2007 Apr 125%)
Div Yield(%): 0.99
Face Value : Rs. 2
share value: Rs.427.25

i want to know who this Equity Dividend of 232.41 arrived and what is the relation between Equity Dividend and Equity Dividend (%)?

for reference
http://reliancemoney.com/Market/Comp...FP_Code=SATYAM

mahesh2007 · #2 15th April 2008, 07:49 PM

First, the reference page is not accessible.

Any way dividend is declared in percentage of the face value(in this case it is 2).
As per NSE website last dividend was Rs. 1 i.e. 50% of the face value 2.

announced date Effective date
23-10-07 07-11-07 Interim 50.00 %

20-04-07 23-08-07 Final 125.00 % AGM

Dividend yield = dividend *100/current market price

the dividend u have mentioned is wrong.

kane_sunil · #3 16th April 2008, 10:48 AM

thanks mahesh as i m new to trading i have done this mistake.

mahesh as i saw in

Result Period 01-APR-2006 to 31-MAR-2007 (Annual)
Result Type Audited, Cumulative, Non-Consolidated

the dividend% was 150%, so the the dividend is Rs 3.

if i have 100 shares of satyam computers then i will get 300 rupees as dividend.
right OR wrong.

but as i saw in
http://reliancemoney.com/Market/Comp...FP_Code=SATYAM
under key ratios in dividend it is given

Key Ratio
Name Mar-2007 Mar-2006 Mar-2005 Mar-2004 Mar-2003

Equity Dividend 232.41 228.33 159.63 126.72 94.36
Preference Dividend 0.00 0.00 0.00 0.00 0.00
Corporate Dividend Tax 37.55 32.02 20.86 16.24 8.87
Equity Dividend (%) 175.00 350.00 250.00 200.00 150.00

Earning Per Share (Rs.) 20.77 37.22 22.85 17.06 9.49
Book Value 86.65 133.57 100.77 81.61 67.87

how did this 232.41 arrive?

kane_sunil · #4 17th April 2008, 10:34 AM

what is the relation between dividend(%) and dividend yield(%) please

mahesh2007 · #5 17th April 2008, 07:02 PM

yes u shall get 300 Rs. if dividend is declared 150% and u have 100 shares of face value 2.

The 231.42 is the amount in crore which company has distributed as equity dividend in financial year 2007.
as company did not allot preference shares so preference share amount is 0.

mahesh2007 · #6 17th April 2008, 07:06 PM

[quote=kane_sunil;172868]what is the relation between dividend(%) and dividend yield(%) please[/QUOT

dividend % is used to find dividend amount and u have correctly calculated it as 300.

dividend yield=dividend per share*100/current market price of that share